Latest news with #VincentMagwenya
eNCA
2 hours ago
- Politics
- eNCA
Presidency releases progress report on implementation of state capture report recommendations
JOHANNESBURG - What has been done after South Africa spent around R1 billion on investigating State Capture? READ: State capture report | Presidency reports much progress made President Cyril Ramaphosa has rejected claims that recommendations made by the Zondo Commission investigating State Capture Commission have been swept under the carpet. On Monday the Presidency released the latest progress report on the implementation of actions arising from recommendations of the State Capture Commission. The report says that of the 60 actions indentified in the President's October 2022 Respond plan, 48% are complete, 23% are on track and about 30% are delayed. Spokesperson for President Cyril Ramaphosa, Vincent Magwenya discussed the progress made with eNCA.
Eyewitness News
a day ago
- Politics
- Eyewitness News
Ramaphosa committed to full implementation of state capture recommendations - Presidency's Magwenya
JOHANNESBURG - President Cyril Ramaphosa has rejected claims that the recommendations of the state capture commission have been swept under the carpet. The National Prosecuting Authority (NPA) has come under scrutiny lately, with questions raised about its handling of state capture-related cases. While the president admits there are challenges within the institution, he maintains that action is being taken against individuals implicated in the looting of state funds. ALSO READ: • Dearth of investigating skills among reasons for delays in prosecuting big corruption cases, SCOPA hears • ActionSA slams NPA for failing to successfully prosecute those implicated in state capture Presidency spokesperson Vincent Magwenya said there had been consistent progress. "Government has recovered nearly R11 billion in stolen public funds, strengthened our law enforcement capacity and implemented comprehensive reform across government." Last week, former Chief Justice Raymond Zondo stressed the need for adequate resourcing to hold the corrupt accountable. But Magwenya insisted that this was already underway. "President Cyril Ramaphosa remains committed to the full implementation of the state capture recommendations and to rebuilding public trust in our institutions."
The Herald
a day ago
- Politics
- The Herald
What do you think of Zondo's outburst about his ‘pain' swearing in ministers ‘linked' to state capture?
Former chief justice Raymond Zondo's recent scathing rebuke of President Cyril Ramaphosa has sparked a debate. Speaking to the Sunday Times, Zondo said it pained him to swear in ministers who had serious state capture allegations against them. 'It was like the president was saying, 'I don't care what you have found about the people. I think they are good enough to be promoted',' Zondo said. 'The recommendations made in the state capture report were based on evidence that was led transparently when the entire nation was watching. We are defending the report because we believe it is sound. But I had to swear them in, remembering what I found against them.' The four-year inquiry has yielded few results, and some ANC top brass have contested it in court. Several ANC ministers have been embroiled in corruption allegations, including human settlements minister Thembi Simelane, police minister Senzo Mchunu who was recently placed on special leave, and Nobuhle Nkabane, who was dismissed as higher education minister. Zondo said Ramaphosa had been 'inconsistent' in disciplining cabinet ministers implicated in wrongdoing. Presidency spokesperson Vincent Magwenya dismissed Zondo's concerns, saying he has had access to the president whenever there were matters of concern to be discussed.
TimesLIVE
7 days ago
- Politics
- TimesLIVE
Ramaphosa appoints NYDA board
President Cyril Ramaphosa has appointed members of the National Youth Development Agency (NYDA) board, set to run for three years starting on August 1. This is in line with the NYDA Act of 2008. The role of the board is to address issues faced by young people in the country. 'The agency functions as a single, unitary structure addressing youth development issues at national, provincial and local government level,' presidency spokesperson Vincent Magwenya said. Ramaphosa has previously been criticised for delaying the appointment of the NYDA board. The appointments come four months after the portfolio committee on youth, women and persons with disabilities recommended nine people to fill the vacancies, which excluded ANC Youth League members. Of the nine, only seven were selected. Sunshine Minenhle Myende was selected as ]chairperson of the board, and Bonga Siphesihle Makhanya as deputy chairperson. Other board members are:
Mail & Guardian
09-07-2025
- Business
- Mail & Guardian
US tariffs on local exports could slash growth, economists warn
US President Donald Trump said this week that the tariff is meant to address the trade imbalance between South Africa and the US. (Photo: Evan Vucci/AP/picture alliance) Economists have said that South Africa's South Africa is one of 14 countries that have received formal communication from the US regarding proposed tariff increases. Trump first announced the tariffs in In his latest communication to South Africa, Trump said: 'Our relationship has been, unfortunately, far from reciprocal. Starting on August 1, 2025, we will charge South Africa a tariff of only 30% on any and all South African products sent to the United States, separate from all sectoral tariffs.' The South African government said the 30% tariff is based on a particular interpretation of the balance of trade between South Africa and the US, and it would try to negotiate better terms with Washington. 'This contested interpretation forms part of the issues under consideration by the negotiating teams from South Africa and the United States. Accordingly, South Africa maintains that the 30% reciprocal tariff is not an accurate representation of available trade data,' Vincent Magwenya, the presidency spokesperson, said in a statement. 'In our interpretation of the available trade data, the average tariff on imported goods entering South Africa stands at 7.6%. Importantly, 56% of goods enter South Africa at 0% most favoured nation tariff, with 77% of US goods entering the South African market under the 0% duty. South Africa's single biggest exports to the US are mining ores and metals, followed by machinery and transport equipment and vehicles. George Herman, the chief investment officer at Citadel, said that although the full details of how the new tariffs are going to be imposed or where exemptions are going to be applied were not made public,'the automotive, wine and South Africa's Standard Bank had expected the economy to grow by nearly 2% this year, but problems ranging from the initial tariff hikes and the associated policy uncertainty to weather disruptions such as floods and struggles earlier this year in passing the budget have seen it trim this to just more than 1%, said Elna Moolman, the bank's head of macroeconomic research. 'Should the 30% tariff hikes on South African exports to the United States be implemented, even 1% would be hard to reach and it could, depending on the extent of any exemptions, even negate the growth improvement that is widely expected from last year's weak growth,' she said. Based on rough estimates from existing export volumes to the US, a reduction in trade could cut South Africa's GDP growth by up to 0.5%, Citadel's Herman said. 'With the economy already forecast to grow by only about 1% this year, this would represent a significant blow. 'From a financial market perspective, risk premiums have largely been priced out, as investors anticipate that interest rate cuts will help cushion the impact. However, this optimism may be misplaced,' he said. 'Persistent economic headwinds and the compounding effect of elevated tariffs could dampen global growth and create a more difficult environment in the months ahead.' Presidency spokesperson Magwenya said: 'South Africa will continue with its diplomatic efforts towards a more balanced and mutually beneficial trade relationship with the United States. We welcome the commitment by the US government that the 30% tariff is subject to modification at the back of the conclusion of our negotiations with the United States.' President Cyril Ramaphosa has called on government trade negotiations teams and South African companies to diversify trade relations to promote better resilience in both global supply chains and the local economy. But economists say more reforms are needed to boost the economy, including policy intervention. 'In our view, while 2025 growth will be weaker than originally envisaged owing to a range of headwinds, including US tariffs on SA and other countries' exports, trend growth should ultimately still improve if policy reforms continue,' Standard Bank's Moolman said.
